Deals of the day-Mergers and acquisitions

Reuters
09 Jun
Deals of the day-Mergers and acquisitions

June 9 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 1200 GMT on Monday:

** IonQ <IONQ.N> will acquire British quantum computing startup Oxford Ionics for $1.075 billion, the Maryland-based quantum computing firm said .

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** L'Oreal <OREP.PA> has agreed to acquire a majority stake in British skincare brand Medik8, boosting the French cosmetics giant's position in the fast-growing dermatological skincare market.

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** Brown & Brown is closing in on a deal to buy Risk Strategies parent Accession Risk Management, in what would be the biggest acquisition in the U.S. intermediary’s history, a source familiar with the matter told The Insurer.

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** U.S. chipmaker Qualcomm <QCOM.O> agreed to acquire British semiconductor company Alphawave <AWE.L> for about $2.4 billion as part of efforts to strengthen its artificial intelligence technology.

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** Global investment firm KKR said that British Columbia Investment Management Corp $(BCI.AU)$ will acquire a minority stake in Pinnacle Towers, an Asia-based digital infrastructure platform with a focus on the Philippines, from KKR.

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(Compiled by Rajarshi Roy and Padmanabhan Ananthan in Bengaluru)

((Padmanabhan.Ananthan@thomsonreuters.com))

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